Our Strategies work regardless of market direction or economic conditions.

OPEC: Updates to Bullish Oil Calls

Stock Traders Daily has updated its buy ratings on Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Schlumberger Limited. (NYSE:SLB), BP plc (ADR) (NYSE:BP), and Baker Hughes Incorporated (NYSE:BHI). These buy ratings were made on November 2, 2016 in advance of what appeared to soon be a favorable environment for oil companies and oil prices. Calls were distributed to clients, through Reuters, First Call, and Zacks.

In addition to these, Stock Traders Daily also placed a STONG buy rating on UCO.

Details and prices targets are available to subscribers.

Technical Summary

Term →

Near

Mid

Long

Bias

Neutral

Strong

Neutral

P1

108.80

103.76

99.26

P2

110.10

108.48

105.52

P3

111.37

113.20

111.65

Long Term Trading Plans for CVX

November 30, 2016, 11:03 am ET

The technical Summary and associated Trading Plans for CVX listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for CVX. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

CVX - (Long) Support Plan

Buy over 105.52 target 111.65 stop loss @ 105.26.The technical summary data tells us to buy CVX near 105.52 with an upside target of 111.65. This data also tells us to set a stop loss @ 105.26 to protect against excessive loss in case the stock begins to move against the trade. 105.52 is the first level of support below 111.57 , and by rule, any test of support is a buy signal. In this case, support 105.52 is being tested, a buy signal would exist.

CVX - (Short) Resistance Plan

Short under 111.65 target 105.52 stop loss @ 111.91 The technical summary data is suggesting a short of CVX as it gets near 111.65 with a downside target of 105.52. We should have a stop loss in place at 111.91 though. 111.65 is the first level of resistance above 111.57, and by rule, any test of resistance is a short signal. In this case, if resistance 111.65 is being tested, a short signal would exist.

Download Our Free XOM Stock Report

This report will tell you where to buy XOM, where to sell XOM, and where stop losses and profit stops should be implemented. Our real time trading report tells you where to buy and sell, it is current, based on the most recent price and corrresponding analysis, and that makes it immediately actionable.